Cencosud to sell majority stake in Chile retail credit-card business

SANTIAGO, June 20 Fri Jun 20, 2014 5:37pm EDT

SANTIAGO, June 20 (Reuters) - Retailer Cencosud said on Friday it has agreed to sell a majority stake in its retail credit-card business in Chile to the Bank of Nova Scotia and Scotiabank Chile for $280 million. (Reporting by Anthony Esposito; Editing by Chris Reese)